Gold Horizon Credit Cards
The Horizon Gold Card is an unsecured shopping card. Unlike most credit cards, it is only accepted at a designated Web site.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
They guarantee approval and do conduct a credit check. There is no minimum income requirement, or employment verification.
The card will be issued with a credit limit of $500, and there are application and monthly fees charged as well.
However, because this card is accepted at only one location, we have considerable doubts regarding the quality of the goods sold on this site.
Additionally they can manipulate the prices for these goods. You will also be charged an extra processing fee for every purchase you make.
Because the card only reports to one of the three credit bureaus, this card can only help one of your credit reports. If a potential lender does not check the report for that specific bureau, then having the card will make no difference in terms of your credit score.
While it is a good idea to take steps to improve a low credit score, this is not a step that we would suggest.
Instead, consider getting a secured credit card. Secured cards also guarantee approval, but they report to all three credit bureaus.
Secured cards require an initial deposit to secure the card, but the deposit is 100% refundable, provided that you close the account on good terms. In addition, secured credit cards are accepted everywhere.
It is important to have positive reporting credit accounts, but the best way to improve your credit score is to remove the derogatory marks from your credit report.
It is widely believed that negative items must stay on your credit for seven long years. This is completely false!
In fact, every derogatory item can be removed from your credit report. You do not just have to live with bad credit and the high costs associated with it.
To protect you and your credit report from disreputable lenders and collection agencies, Congress passed the Fair Credit Reporting Act. This legislation states that seven years is the maximum amount of time that an item can remain on your credit report.
However, no mention is made of a minimum amount of time. In addition, there may be mistakes and inaccurate information on your credit report. In fact, it is believed that one-quarter of the population have incorrect items on their credit reports that could be costing them a lot of hard-earned money in higher interest rates.
In summary, we recommend a secured credit card and not the Horizon Gold shopping card. Remember too that you have the right to challenge negative items on your credit report and have them removed. You do not need to just live with a low credit score.
Getting rid of these negative marks is the best way to increase your credit score and give you and your family a higher quality of life. In addition, there isn't a better feeling in the world than knowing that you can be approved for a new line of credit.
Because this card reports to one of the major credit bureaus, individuals who have low credit scores may apply for this card.
They guarantee approval and do conduct a credit check. There is no minimum income requirement, or employment verification.
The card will be issued with a credit limit of $500, and there are application and monthly fees charged as well.
However, because this card is accepted at only one location, we have considerable doubts regarding the quality of the goods sold on this site.
Additionally they can manipulate the prices for these goods. You will also be charged an extra processing fee for every purchase you make.
Because the card only reports to one of the three credit bureaus, this card can only help one of your credit reports. If a potential lender does not check the report for that specific bureau, then having the card will make no difference in terms of your credit score.
While it is a good idea to take steps to improve a low credit score, this is not a step that we would suggest.
Instead, consider getting a secured credit card. Secured cards also guarantee approval, but they report to all three credit bureaus.
Secured cards require an initial deposit to secure the card, but the deposit is 100% refundable, provided that you close the account on good terms. In addition, secured credit cards are accepted everywhere.
It is important to have positive reporting credit accounts, but the best way to improve your credit score is to remove the derogatory marks from your credit report.
It is widely believed that negative items must stay on your credit for seven long years. This is completely false!
In fact, every derogatory item can be removed from your credit report. You do not just have to live with bad credit and the high costs associated with it.
To protect you and your credit report from disreputable lenders and collection agencies, Congress passed the Fair Credit Reporting Act. This legislation states that seven years is the maximum amount of time that an item can remain on your credit report.
However, no mention is made of a minimum amount of time. In addition, there may be mistakes and inaccurate information on your credit report. In fact, it is believed that one-quarter of the population have incorrect items on their credit reports that could be costing them a lot of hard-earned money in higher interest rates.
In summary, we recommend a secured credit card and not the Horizon Gold shopping card. Remember too that you have the right to challenge negative items on your credit report and have them removed. You do not need to just live with a low credit score.
Getting rid of these negative marks is the best way to increase your credit score and give you and your family a higher quality of life. In addition, there isn't a better feeling in the world than knowing that you can be approved for a new line of credit.
About the Author:
Instead of the Horizon Gold Credit Card we suggest the prepaid credit card the Account Now Visa. For a free credit consultation call 1-800-253-3735.
posted by Debt Consolidation Loan at
4:53 AM
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